how can you say that your buildings are worth more to get a better loan but at the same time claim that your buildings are worth less to pay less taxes. that looks like probable cause to me. dont you see that?
semp
Absent the issue of probably cause and attempt to defraud....
In the 1980s I was in the business of selling and erecting metal buildings, so when it came time to build my house, I started with a metal building. It was a great plan and I wound up building a house for $28/square foot, when the going construction costs were about $80/ft(2). Ah, but the bank said, "It's a metal sided building, so we can only loan money on it as if it's a mobile home." What? No axle, no frame, no tongue, no mobile home. "Sorry, mobile home loan is all you get." But the Tax Commissioner (who happened to be a relative - small town, right?) said, "No, we can't tax it like a mobile home because it's on a concrete slab."
Trust me, if I could have figured out a way to get a) a lower rate loan and b) a lower tax rate, I would have. It could not be done. Eventually I sold the place and moved on.